ISLAMABAD: Federal Finance Minister Shaukat Tarin said on Friday that sugar production was likely to increase by 2 million tons this year from the output of 7.5 million tons recorded last year.
In a tweet, the federal minister said, as a result of the likely increase in sugar production, Pakistan was back to sugar surplus country from deficit.
“The sugar production likely to increase by 2 million tones from last year to 7.5 million tones. As a result, Pakistan is back to sugar surplus country from deficit.”
READ: IMF LOAN TRANCHE WILL BRING STABILITY TO ECONOMY: SHAUKAT TARIN
“Ex-mill sugar prices are now around Rs 81 per kilogram, substantially lower from last year,” he added.
The sugar production likely to increase by 2 million tones from last year to 7.5 million tones. As a result, Pakistan is back to sugar surplus country from deficit. Ex-mill sugar prices are now around Rs 81/kg substantially lower from last year.
— Shaukat Tarin (@shaukat_tarin) March 25, 2022
